Norway PM Joins Forces With Central Bank to Support Oil Industry
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Prime Minister Erna Solberg pledged to protect Norway’s oil industry from political interference as the central bank warned it may cut interest rates to save western Europe’s biggest crude producer as investments slump.
The 53-year-old premier, who has warned the country faces a “hard landing” unless it can boost productivity and lower costs in its oil industry, said investors don’t need to fear more delays caused by political wrangling, in an interview yesterday.